Wealth Manager - Essential news for investment professionals

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

AAA-rated Dixon takes on underperforming GLG UK Income fund

AAA-rated Dixon takes on underperforming GLG UK Income fund

Citywire AAA-rated Henry Dixon has been appointed manager of the GLG UK Income fund.

GLG recruited Dixon (pictured) from Charles Stanley last year, as Wealth Manager exclusively revealed, to run a mirror version of his Undervalued Assets fund.

Undervalued Assets has returned 106% since its launch in August 2008, compared with the IMA UK All Companies average of 60% through the same period.

The £65 million GLG UK Income fund has returned 68% since its inception in 1999, versus 102% from its benchmark FTSE All Share index. Over three years the fund has returned 29% versus the index gain of 38%.

Former manager John White has relinquished his responsibilities on the fund to work on strategic initiatives at Man Group, GLG’s parent.

‘Equity income funds have always been the cornerstone of UK investors’ portfolios and we have been looking to develop our proposition in this space,’ commented Richard Phillips, head of UK retail at GLG.

Henry’s value style lends itself very well to income investing and he has the right approach and experience, having run a multi-cap UK equity fund with great success over a number of years, to seek out potentially the best income opportunities across the UK market.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter